The Royal Malaysian Navy (RMN) has requested $2.9bn in funding under the 11th Malaysia Plan 2016-2020 for 36 programmes, which are anticipated to boost the capabilities of the RMN in coming years, says a report by Strategic Defence Intelligence (SDI).

Titled ‘Future of the Malaysian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2021‘, the report provides insights of the Malaysian defence strategies.

Malaysia’s major acquisition programmes include the construction of eight missile corvettes, six anti-submarine warfare (ASW) helicopters and small boats, as well as the replacement of outdated missiles and torpedoes.

"The funding will also support the procurement of six Second-Generation Patrol Vessel-Littoral Combat Ships."

The RMN has already placed an order with the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for six missile surface corvettes, to be delivered from 2018 onwards.

Additionally, the funding will also support the procurement of six Second-Generation Patrol Vessel-Littoral Combat Ships (SGPV-LCS) being built by Boustead Naval Shipyard (BNS). The SGPVs are based on the Gowind-class corvette designed by French shipbuilding company DCNS. The first ship is scheduled to enter service in 2019.

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Malaysia imported two submarines, 40 SM-39 Block 2 torpedoes and 30 Black Shark torpedoes and is anticipated to continue with its modernisation and procurement plans to safeguard its coastal waters and exclusive economic zone.